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Legislation


Results 1 - 10 of 798

CFPB cost-benefit bill introduced in the Senate

Posted Date: Wednesday, May 3, 2023
Sen. Jon Kennedy (R-La.) introduced the Transparency in CFPB Cost-Benefit Analysis Act which would require, among other things, the Consumer Financial Protection Bureau (CFPB) perform a cost-benefit analysis during any rulemaking activity. Read on for more details. Read on »

Scott introduces framework for new housing legislation

Posted Date: Tuesday, April 18, 2023
On the occasion of the 55th anniversary of the Fair Housing Act’s enactment, Sen. Tim Scott (R-S.C.), ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, announced the framework of the Renewing Opportunity in the American Dream (ROAD) to Housing Act. The legislation seeks to introduce reforms to federal housing policies that will “lift families up.” Read on for more details. Read on »

CFPB accountability legislation introduced in House

Posted Date: Tuesday, April 4, 2023
U.S. House Rep. Scott Fitzgerald (R-Wis.) introduced legislation aimed at making the Consumer Financial Protection Bureau (CFPB) more accountable to small businesses. Read on for more details. Read on »

Waters pushes for greater federal clawback powers

Posted Date: Wednesday, March 22, 2023
Rep. Maxine Waters (D-Calif.) proposed legislation to increase the federal government’s clawback authority following the collapse of Silicon Valley and Signature. Read on for more details. Read on »

HFS subcommittee holds hearing on reforming CFPB

Posted Date: Monday, March 20, 2023
The House Financial Services Committee, subcommittee on financial institutions and monetary policy, led by Rep. Andy Barr (R-Ky.), held a hearing to discuss proposed reforms for the Consumer Financial Protection Bureau. The subcommittee heard testimony from legal and industry experts who suggested an array of changes that could be made to the bureau and its operations. Read on for more details. Read on »

Warren, Porter unveil legislation to undo Trump-era Dodd-Frank changes

Posted Date: Monday, March 20, 2023
Sen. Elizabeth Warren (D-Mass.) and Rep. Katie Porter (D-Calif.) introduced a bill that would repeal the Trump-era changes to the Dodd-Frank Act. Read on for more details. Read on »

Is AI the next big thing in lending?

Posted Date: Tuesday, March 14, 2023
Artificial intelligence (AI) has been a thing of science fiction storytelling since the genre’s earliest days. For many, when they think of AI, they think of androids and possibly Isaac Asimov’s three laws of robotics. But there is more to AI and machine learning than robots. They can also be helpful tools in real estate finance. Read on for more details. Read on »

Legislation reintroduced to ‘fix’ digital asset report requirements

Posted Date: Friday, March 10, 2023
Bipartisan legislation designed to “fix” digital asset reporting requirements was reintroduced in the House of Representatives by House Financial Services Committee Chair Rep. Patrick McHenry (R-N.C.) and Rep. Ritchie Torres (D-N.Y.). Read on for more details. Read on »

House passes REIN IN Inflation Act

Posted Date: Wednesday, March 8, 2023
The U.S. House of Representatives passed the Reduce Exacerbated Inflation Negatively Impacting the Nation (REIN IN) Inflation Act. The legislation was shepherded in part by House Financial Services Committee Chair Patrick McHenry (R-N.C.) and chair of the House Republican Conference Elise Stefanik (R-N.Y.). Read on for more details. Read on »

HFS advances McHenry’s Data Privacy Act

Posted Date: Monday, March 6, 2023
The House Financial Services Committee passed the Data Privacy Act of 2023 during its first markup of the new congressional term. The legislation, introduced by committee Chair Patrick McHenry (R-N.C.), seeks to modernize financial data privacy laws and provide consumers with greater control over how their personal information is collected and used. Read on for more details. Read on »
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Dodd Frank Update May 2023

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CFPB releases section 1071 small-business lending final rule


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